Rhumbline Advisers Trims Stake in Inter & Co, Inc. (NASDAQ:INTR)

Rhumbline Advisers lowered its stake in shares of Inter & Co, Inc. (NASDAQ:INTR) by 23.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,647 shares of the company’s stock after selling 32,345 shares during the quarter. Rhumbline Advisers’ holdings in Inter & Co, Inc. were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of INTR. Van ECK Associates Corp purchased a new position in shares of Inter & Co, Inc. during the third quarter valued at about $741,000. Asset Management One Co. Ltd. purchased a new position in shares of Inter & Co, Inc. during the third quarter valued at about $199,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Inter & Co, Inc. during the third quarter valued at about $2,504,000. Fourth Sail Capital LP purchased a new position in shares of Inter & Co, Inc. during the third quarter valued at about $9,313,000. Finally, Citigroup Inc. increased its position in shares of Inter & Co, Inc. by 4,711.6% during the third quarter. Citigroup Inc. now owns 1,061,289 shares of the company’s stock valued at $7,068,000 after buying an additional 1,039,232 shares during the period. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price target on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a research report on Friday, January 24th.

Inter & Co, Inc. Trading Up 1.7 %

NASDAQ:INTR opened at $5.52 on Friday. Inter & Co, Inc. has a one year low of $3.88 and a one year high of $7.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87. The company’s 50-day simple moving average is $4.96 and its 200 day simple moving average is $5.72. The firm has a market capitalization of $2.40 billion, a P/E ratio of 14.15 and a beta of 1.31.

Inter & Co, Inc. (NASDAQ:INTR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. As a group, analysts forecast that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 17th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a dividend yield of 0.5%. Inter & Co, Inc.’s dividend payout ratio is presently 20.51%.

About Inter & Co, Inc.

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application.